In our latest gasoline market commentary:
> Gasoline flat prices have risen consistently since the Iranian offensive, reflecting the geopolitical risk premium and impacting markets globally
> SING 92 timespreads move to backwardation, reflecting a tighter market outlook and supply risk for Q4
> Arbitrage margins into Mexico keep improving from Singapore, enhancing its competitive position over USGC
> Rising TA arb and lower freight are bolstering RBOB imports into NYH, while European delivery prices remain cheaper than USGC across LATAM outlets
